SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2024

SHARE-BASED COMPENSATION

SCHEDULE OF OPTION ACTIVITY UNDER 2021 PLAN AND 2018 PLAN

				Weighted-
				Average
				Remaining	Aggregate
		Weighted-Average		Contractual Term	Intrinsic Value
	Options	Exercise Price		(in years)	(in thousands)
Outstanding at December 31, 2023	5,230,344	$	13.66	8.16	$	49,728
Granted	1,489,191		19.70
Exercised	(252,521)		4.82
Cancelled/Forfeited	(838,054)		19.95
Outstanding at June 30, 2024	5,628,960	$	14.72	7.60	$	—
Vested and exercisable at June 30, 2024	2,829,947		12.78	6.73		—

SCHEDULE OF UNVESTED RESTRICTED STOCK UNIT ACTIVITY

		Weighted-
		Average Grant
		Date Fair Value
	Units	Per Unit
Unvested restricted stock units as of December 31, 2023	21,968	$	22.26
Granted	—		—
Vested	(5,492)		21.30
Forfeited	(16,476)		22.58
Unvested restricted stock units as of June 30, 2024	—	$	—

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

Stock-based compensation expense recognized for all equity awards has been reported in the statements of operations and comprehensive loss as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Research and development	$	2,035	$	1,682	$	4,529	$	2,981
General and administrative		1,830		1,352		3,536		2,437
Total	$	3,865	$	3,034	$	8,065	$	5,418

Stock-based compensation expense by type of award included within the consolidated statements of operations and comprehensive income (loss) was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Stock options	$	3,808	$	2,940	$	7,876	$	5,229
Restricted stock awards and units		16		51		62		99
Employee stock purchase plan awards		41		43		127		90
Total	$	3,865	$	3,034	$	8,065	$	5,418